COMMITMENTS
Société Générale's CSR policy consists in putting these commitments into practice and continually looking for ways to progress.
Our commitments
Société Générale's CSR policy consists in putting these commitments into practice and continually looking for ways to progress. It consists in ensuring that our Corporate and Social Responsibility is clearly reflected in our businesses. In 2005, the Group published an internal directive on sustainable development and corporate and social responsibility outlining the bank’s targets, obligations and commitments along with its policy for sustainable development and the resources to hand. Ever since it was founded in 1864, Société Générale Group has been a fervent defender of human rights in all of its business practices and each of the countries in which it is established, and has long advocated a social policy that promotes the development of the individual. As a company governed by French law, the Universal Declaration of Human Rights and the International Covenant on Economic, Social and Cultural Rights are part of the corpus of guiding principles that govern Société Générale's day-to-day operations. The bank also upholds the OECD Guidelines for Multinational Enterprises, as well as a number of major international conventions such as that of the International Labour Organization. Early 2011, Societe Generale set up Environmental and Social General Guidelines for Business Engagement based on best practice of the banking profession as well as economic sectors *:- these General Principles stem on the one hand from the regulatory and legal framework, and on the other, from initiatives the Bank has voluntarily joined such as Global Compact and Equator Principles,
- economic sectors in which the Bank is active and present potential important E&S risks, have been identified and specific sector policies have been developed. Four sectors have been identified to start with : Mining and metals, Defence, Coal-fired power plants, Oil and Gas. Other sector policies will follow,
- these policies define a clear setting for developing activities in markets with strong E&S components, combining both the Bank’s Sustainable development know-how and its expertise in emerging countries.